Int’l Business Times “article” on the Fed: Important info (hold the opinion)

KW writes: A fascinating piece at IBTimes. New information shows that in addition to the TARP funds and bank bailout that Americans know about, there were secret loans from the Federal Reserve to private banks. And, did you know that our US Federal Reserve secretly loaned money to foreign banks? What is that about? My comments on the article (and its status quo bias) are below. A January 2011 video with Ron Paul and Ralph Nader about the Federal Reserve is: here.

(excerpt from) International Business Times
Federal Reserve Lent Private Banks $1.2 Trillion During Financial Crisis’ Acute Stage
IBTimes Staff Reporter | August 21, 2011 9:10 PM EDT

The U.S. Federal Reserve lent private banks about $1.2 trillion in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.

The largest borrower was Morgan Stanley (MS), which received as much as $107.3 billion in loans, Bloomberg News reported Sunday, while Citigroup (C) received $99.5 billion, and the Bank of America (BAC) received $91.4 billion. Bloomberg News obtained the information through Freedom of Information Act requests.

The loan totals far surpass the $160 billion in public bailouts the top 10 banks received from the U.S. Treasury Department. Up until now, the Federal Reserve action was not made public… Continue reading

Green Party urges Obama to reverse decision to shun the third World Conference against Racism

Sunflower

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US Green Party members will attend the conference

Green Party leaders urged President Obama to reverse his decision to withdraw from participation in the third World Conference against Racism (“Durban III”).

The conference, sponsored by the United Nations, will take place in New York City on September 22, 2011, marking the tenth anniversary of the first World Conference against Racism, Racial Discrimination, Xenophobia, and Related Intolerance in 2001, which was held in Durban, South Africa.  The Obama Administration has cited widespread anger against Israel and the US at past conferences, perceived to be antisemitic and anti-American, as the reason for the withdrawal.

“2011 is both the International Year of Afrodescendants and the 150th anniversary of the beginning of the US Civil War.  As such, it is vitally important the United States of America have an official presence at Durban III, to join an open discussion with the rest of the world on racism and how to end it; racism here in the USA, as well as in other countries,” said Marian Douglas-Ungaro, co-chair of the Green Party’s International Committee (http://www.gp.org/committees/intl/) and a member of the Green Party Black Caucus (http://www.gp.org/caucuses/black/index.php).   Continue reading

What will $59 do for the Green Party?

green party of suffolkGreen Party of Suffolk has gotten 2 $59 for 59k donations.  Will you be the 3rd?

Did you know that by earning over 59,000 votes for Governor in 2010, the Green Party recaptured its ballot line?

Celebrate this victory by donating $59 to the Green Party of Suffolk to support our March 26th celebration and kick-start the 2011 Green Party candidate campaigns.

You can donate online at www.gpsuffolk.org or by mailing a check to the “Green Party of Suffolk” at 14 Robin Drive, Huntington, NY 11743.

We want to make sure that the 1000’s of Greens in Suffolk County join the celebration. For $900, we can contact every Suffolk Green.  We only need 16 supporters to donate $59 each to make sure every Suffolk Green joins in.

Can you donate $59 to get us started? Continue reading

Green Party of Suffolk Endorses March 19th Anti-War March and Vigil

John Keenan

John Keenan

The Green Party of Suffolk, the county’s largest peace organization, has endorsed the Saturday, March 19, 2011 march and vigil calling for an end to the wars in Iraq and Afghanistan. The date was chosen since it will mark the eighth anniversary of the invasion of Iraq John Keenan, a 2002 Green Party Congressional candidate, will be speaking at the event. The North Country Peace Group is sponsoring the march and vigil. This event has been designed as the focal point for all peace activities on Long Island on March 19. For more information, contact ncpeaceg@gmail.com

The endorsing groups call for all Long Islanders to mourn the thousands who have died since the invasion of Afghanistan, and to call for an end to the immoral, illegal and costly wars in Iraq and Afghanistan. They call for “Not One More Death, Not One More Dollar!

The Marchers assemble at Setauket King Kullen Shopping Center on Rt. 25A, Setauket at 10:15 a.m. The Solemn “March of the Dead” proceeds east along shopping center to Stop & Shop, then west to Bennetts Road/25A at 10:30 a.m. Marchers are asked to wear black. Others may opt to go directly to vigil site. There will be the “Reading of the Names” of Long Islanders killed in Iraq and Afghanistan followed by speakers; music; vigil; and the demonstration from 11:00 a.m. to 12 noon.

Since December 2002, the North Country Peace Group has demonstrated every Saturday morning on the corner of Rt. 25A and Bennetts Rd. in Setauket for an end to the Iraq War and Afghanistan War, and a speedy and safe return of our troops.

The Green Party, also known as America’s Peace Party, has nearly 1500 members in Suffolk County. The Green Party has continually opposed the Afghanistan and Iraq war and has consistently called for the immediate return of our troops, in stark contrast to the Democratic and Republican parties. The Green Party has always been part of the national peace movement. The opposition has been expressed across the board, from local Green Party members marching in a Smithtown peace vigil while U.S. bombs were first being dropped on innocent Afghanis, to the campaigns of National and State Green Party candidates.  Continue reading

Green Party to Congress: Prove Your Love for the Constitution

Prove Your Love

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Green Party leaders challenge the new Congress to restore the rule of law after a decade of constitutional violations and abuses of power by Presidents and other officials

• Greens cite election theft, vote theft, torture, warrantless surveillance of US citizens, official lies and impunity, ‘preemptive’ military attacks, denied rights in DC and Puerto Rico

Green Party leaders challenged Democrats and Republicans in the 112th Congress, as well as President Obama, to end a decade of reckless violations of the US Constitution, international agreements, and other laws by the US government and begin a new era of respect for the rule of law.

Muhammed Malik, co-chair of the Miami-Dade Green Party in Florida said:

The new Congress began with a reading of the Constitution in the US House, but the document seems to be incomprehensible for many Representatives. The protections enshrined in the constitutional amendments and Article Six’s requirement that the US honor treaties are not subject to the whims of Presidents, State Departments, the Pentagon, the Department of Homeland Security, the Transportation Security Administration, or any other government body.  If we don’t restore the rule of law now, we’re in danger of seeing the end of the US as a republic and a free country.

The Green Party listed examples of unconstitutional  lawlessness and disregard for rights since 2000:  Continue reading

An Open Letter to the Left Establishment

This letter is a call for active support of protest to Michael Moore, Norman Solomon, Katrina van den Heuvel, Michael Eric Dyson, Barbara Ehrenreich, Thomas Frank, Tom Hayden, Bill Fletcher Jr., Jesse Jackson Jr., and other high profile progressive supporters of the Obama electoral campaign.

With the Obama administration beginning its third year, it is by now painfully obvious that the predictions of even the most sober Obama supporters were overly optimistic. Rather than an ally, the administration has shown itself to be an implacable enemy of reform.

It has advanced repeated assaults on the New Deal safety net (including the previously sacrosanct Social Security trust fund), jettisoned any hope for substantive health care reform, attacked civil rights and environmental protections, and expanded a massive bailout further enriching an already bloated financial services and insurance industry. It has continued the occupation of Iraq and expanded the war in Afghanistan as well as our government’s covert and overt wars in South Asia and around the globe.

via An Open Letter to the Left Establishment.

McKinney: GM’s LBO, government-style

Former Representative Cynthia McKinney of Georgia

Cynthia McKinney

 

By Cynthia McKinney, Green Party 2008 Presidential candidate
Since 2008, both the Bush and Obama Administrations spent hundreds of billions – by some estimates, up to TRILLIONS – of dollars bailing out Wall Street investors, banks and industrial firms. Much was said about the need to provide a stimulus to the economy, with the public understanding that job creation would follow the infusion of cash into these sectors. But thus far, there has been little impact on unemployment, and there is no light at the end of the tunnel for the unemployed.
With the infusion of so much public money into these sectors came the possibility of structural change. The government was in the driver’s seat, the public was heavily invested in finance and industry, and policy in those sectors – i.e., policy in such critical areas as transportation – could now be set by the people.
Butt that hasn’t happened, as we all know. And this past week, the possibility of real change in the transportation sector faded into the background.   Continue reading
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